UNUMPROVIDENT ANNOUNCES REMARKETING OF
$575 MILLION OF SENIOR NOTES DUES 2008

CHATTANOOGA, Tenn. (Feb. 10, 2006) – UnumProvident Corporation announced today that it has priced the remarketing of $575 million of the senior notes component of its Adjustable Conversion-Rate Equity Security Units ("ACES") originally issued in May 2003. As a result of the remarketing, the interest rate on the senior notes will be reset to 5.997% percent, effective February 15, 2006.

The senior notes were remarketed at a price of 100.666% with a yield to maturity of 5.682%. The remarketing is expected to close on February 15, 2006. The senior notes were remarketed under terms required by the ACES. In connection with the remarketing, UnumProvident will purchase and retire $400 million of the senior notes, leaving $175 million of the senior notes outstanding after completion of the remarketing.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, nor should there be any sale of the notes referred to herein in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state.

About UnumProvident
UnumProvident is the largest provider of group and individual income protection insurance in the United States and United Kingdom. Through its subsidiaries, UnumProvident insures more than 25 million people and provided $6.0 billion in total benefits to customers in 2005. With primary offices in Chattanooga, Tennessee, and Portland, Maine, the Company employs approximately 11,300 people worldwide. For more information, visit www.unumprovident.com.

Safe Harbor Agreement
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995: Statements in this press release regarding UnumProvident Corporation's business which are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see "Risk Factors" in the Company's Annual Report or Form 10-K for the most recently ended fiscal year.